GIA has declared the availability of a global report on the Industrial Robotics market. Activated by strong prospects for growth in Asia-Pacific’s developing countries such as China, the global market for Industrial Robotics is estimated to reach 204,000 units by the year 2017.
Over the decades, Robotic technologies have been facing challenges such as achievement of zero-error tasks or operations, the automation of workforce, and various applications in mechatronic engineering. The manufacturing industry, especially the automotive manufacturing serves to be a key end-use market for industrial robots.
The market for industrial robotics is also responsive to industrial production, the health of the capital goods sector and manufacturing and engineering activities. The investments of robot in large companies are part of the capital structure. The capital rationalization processes faced during 2007-2009 recession, affected the rates of robot deployment in industries, such as semi-conductor and electronics, automotive, rubber and plastic and consumer goods.
The growing industrial performance in Germany and the volatile manufacturing data in Spain and Italy present a mixed record. Bearish market states that the increasing euro crisis and debt crisis in the U.S. banks shows deceleration in global business. Therefore, the government is unable to grant capital expenditure, which will affect the expenditure on factory based capital equipment such as industrial robots.
Progress in manufacturing production will continue in 2012, following its growth during 2010 and 2011. While US, Europe and Japan show deceleration in industrial automation, deployment of robotics in China will contribute to its maximum growth in the global market. Robots are in great demand in domestic auto industry and for several packaging and palletizing applications, besides automotive applications.
Demographic changes will also increase the demand for automation and industrial robotics. The low robot density in the industrial sectors of developing countries triggers growth. In addition, market penetration in non-conventional industries such as, food and beverage, cosmetics, rubber and plastics will contribute to future growth. Over the analysis period, Asia-Pacific is forecast to grow at a CAGR of 21.4%.